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Property profile & analytics
FOR LEASE
Retail space

35007 Enchanted Pkwy S Federal Way, WA 98003

3,062 SF 0.67 ac lot Built 2006
Individually Owned 11-yr Hold Free & Clear
Property ID
US90-0541090
No photos on file
For Lease
$45 SF/Yr
35007 Enchanted Pkwy S, Federal Way, WA 98003
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Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,062 SF
Lot 0.67 ac (28,979 SF)
Zoning code CE
APN 185295-0020
UPID US90-0541090
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$845k
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k
Owner & transaction history
Umpqua Bk · 11 yrs held
Umpqua Bk
since 2015
5 recorded transactions
2022
Price N/A
2015
Price N/A
2015
$1.6M
2006
$1.2M
1969
Price N/A
Zoning & alternative use
CE · Federal Way, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

means the CE zoning district. “Industrial uses” means those uses allowed only in the CE zone as listed in FWRC 19.240.010 through 19.240.040 . “Inflatable advertising device” means an advertising device that is inflated by some means and used to attract attention, advertise, promote, market, or display goods and/or services. These devices include large singl…

Zone name Commercial Enterprise
General category COMMERCIAL
Zone area 498.14 ac
Top alternative use upside
Auto repair, garage $1.1M +29.8%
Office building $880,000 +8.5%
Warehouse, storage $840,000 +3.5%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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